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Utilities Electric Utilities

  • Ensure security of supply, ensure reliable capacity available

    RWE CFO Markus Krebber discusses Germany's energy supply and his company's stock price, saying that "the market has understood the new RWE."

  • Coal price only a temporary effect

    RWE CFO Markus Krebber weighs in on second quarter earnings and paying dividends to shareholders.

  • Aug 10- The formerly staid, predictable world of utilities investing faces a revolution as the price of solar and wind energy plunges, creating new winners and losers. Average whole life project costs for large wind and solar generation in the United States are now less than for coal or nuclear and about the same as natural gas, according to a study of tax...

  • FRANKFURT, Aug 2- Burning coal for power looks set to remain the backbone of Germany's energy supply for decades yet, an apparent contrast to Chancellor Angela Merkel's ambitions for Europe's biggest economy to be a role model in tackling climate change. Although well over 20 billion euros are spent each year to boost Germany's green energy sector, coal still...

  • SANTIAGO, Aug 9- Ireland's Mainstream Renewable Power is confident it will be able to maintain a steady pipeline of power projects in Chile, an executive told Reuters on Wednesday, even as some firms have soured on the country's renewable sector in recent years. The financial close on the farms, known as Sarco and Aurora, marks one of the biggest wind power deals in...

  • FRANKFURT, Aug 8- Wind power group Siemens Gamesa has installed Asia's tallest wind turbines, with a total height of 210 metres, in Thailand, it said on Tuesday. The 33 turbines, with 153 metre-high towers and 56 metre blades, have been installed in the Sarahnlom wind farm in central Thailand, where commissioning is scheduled for later this year.

  • BEIJING, Aug 8- China's coal imports in July fell to their lowest in five months as Beijing's efforts to combat pollution curbed utilities' ability to buy cheaper foreign fuel and caused backlogs in ports, customs data showed on Tuesday. Arrivals of China's favourite fuel totaled 19.46 million tonnes in July, data from the General Administration of Customs...

  • SHANGHAI, Aug 4- A power producer in the city of Tianjin has issued "green bonds" worth 1 billion yuan to finance a 2,000- megawatt coal-fired power plant, a move slammed by an environmental group for diverting funds from cleaner projects. China has been promoting new financing methods to help pay for the country's transition to cleaner modes of growth.

  • FRANKFURT, Aug 2- Burning coal for power looks set to remain the backbone of Germany's energy supply for decades yet, an apparent contrast to Chancellor Angela Merkel's ambitions for Europe's biggest economy to be a role model in tackling climate change. Although well over 20 billion euros are spent each year to boost Germany's green energy sector, coal still...

  • BEIJING, Aug 2- China's energy regulator on Monday said it was raising its targets for curbing coal-fired power capacity over the next few years, as the world's No.2 economy continues its drive against pollution. According to a transcript of an NEA meeting on the issue on China Coal News, an official industrial website run by China's work safety regulator, most of...

  • LONDON, Aug 1- Britain's largest energy supplier Centrica raised its household electricity prices on Tuesday to try to turn around a loss-making part of its business despite shedding another 485,000 customer accounts in under two months. The owner of British Gas is the last of the big six energy suppliers to increase prices this year, with the rising cost of...

  • MELBOURNE, Aug 1- Australia's power utilities and grid operators, under threat from the world's fastest take-up of home solar panels, are rushing to come up with ways to stay relevant and protect long-term revenues. "Australia has highly innovative customers who are interested in new things and most of the time it's quite sunny. One out of every six Australian...

  • MELBOURNE, Aug 1- Australia's power utilities and grid operators, under threat from the world's fastest take-up of home solar panels, are rushing to come up with ways to stay relevant and protect long-term revenues. "Australia has highly innovative customers who are interested in new things and most of the time it's quite sunny. One out of every six Australian...

  • A unit of SCANA Corp and state-owned Santee Cooper said on Monday they would abandon the twin-reactor project known as V.C. Summer. The utilities blamed the bankruptcy of project's contractor, Toshiba Corp's Westinghouse Electric Co, which said in March it could not afford to finish the fixed-price contract for V.C. Summer or a similar project in Georgia known...

  • COLUMBIA, S.C., July 31- South Carolina utilities said on Monday they are abandoning two unfinished reactors that were hailed as the start of a U.S. nuclear power renaissance before they were dogged by billions of dollars in cost overruns. The twin-reactor project known as V.C. Summer is majority owned by SCANA Corp, with state-owned utility Santee Cooper owning...

  • COLUMBIA, S.C., July 31- Two South Carolina utilities said on Monday they are abandoning two unfinished reactors that were hailed as the start of a U.S. nuclear power renaissance before they were dogged by billions of dollars in cost overruns. The twin-reactor project known as V.C. Summer is majority owned by SCANA Corp, with state-owned utility Santee Cooper...

  • COLUMBIA, S.C., July 31- Two South Carolina utilities said on Monday they are abandoning two unfinished reactors that were hailed as the start of a U.S. nuclear power renaissance before they were dogged by billions of dollars in cost overruns. The twin-reactor project known as V.C. Summer is majority owned by SCANA Corp, with state-owned utility Santee Cooper...

  • WASHINGTON, July 31- A Pennsylvania- based coal company said on Monday it signed its first contract with Ukraine to sell coal that is burned to produce electricity in a deal sped along by the U.S. and Ukrainian governments. Ukraine has sought alternative coal suppliers ahead of the upcoming winter as it struggles to get the fuel from pro- Russia separatist-held...

  • *UK yet to rule on mini power plant competition. LONDON, July 31- Britain will squander the chance to become a leader in next-generation nuclear power unless it presses on with a competition to build mini reactors, said Rolls-Royce, the designer of the nuclear engines that drive the country's submarine fleet. Having pioneered commercial nuclear power...

  • PARIS, July 28- France has approved tenders to develop large-scale solar power projects with a total installed capacity of 500 megawatts, Ecology Minister Nicolas Hulot said on Friday. The average price proposed by the winners in the tender process was 55.5 euros per megawatt-hour for installations with a high capacity, and 63.9 euros MWh for the project as a...